Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia - 2023
Contents:
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia (CIF) - 2022
- Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia (FOB) - 2023
- Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia
- Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia (CIF) - 2022
The average import price for sunflower seed stood at $1,522 per ton in 2022, growing by 28% against the previous year. Overall, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 122% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($2,101 per ton), while the price for Ukraine ($806 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia (FOB) - 2023
The average export price for sunflower seed stood at $1,156 per ton in October 2023, surging by 14% against the previous month. Over the period under review, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 28% month-to-month. As a result, the export price attained the peak level of $4,037 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Estonia ($2,517 per ton), while the average price for exports to Sweden ($933 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia
In 2022, purchases abroad of sunflower seed decreased by -6.3% to 2.3K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 361%. As a result, imports attained the peak of 6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of sunflower seed soared to $3.5M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 142%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 767 | 811 | 1,185 | 1,671 | 29.6% |
| Bulgaria | 227 | 796 | 854 | 1,067 | 67.5% |
| Poland | 93.6 | 39.4 | 103 | 237 | 36.3% |
| Moldova | 68.6 | N/A | N/A | 166 | 34.3% |
| Hungary | N/A | N/A | 43.2 | 138 | 219.4% |
| Ukraine | 9.3 | 130 | 491 | 83.1 | 107.5% |
| Estonia | 72.2 | 38.5 | 42.9 | 78.9 | 3.0% |
| Russia | 15.1 | 1,199 | 40.8 | N/A | 64.4% |
| Others | 67.1 | 179 | 192 | 91.0 | 10.7% |
| Total | 1,319 | 3,193 | 2,952 | 3,532 | 38.9% |
Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Latvia in 2022:
- Lithuania (956.9 tons)
- Bulgaria (825.3 tons)
- Moldova (130.1 tons)
- Poland (123.4 tons)
- Ukraine (103.1 tons)
- Estonia (66.0 tons)
- Hungary (65.7 tons)
Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia
In 2022, overseas shipments of sunflower seed decreased by -31.7% to 331 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a slight curtailment. The growth pace was the most rapid in 2020 with an increase of 735%. As a result, the exports reached the peak of 2.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of sunflower seed shrank rapidly to $662K in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 319%. As a result, the exports attained the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 136 | 148 | 181 | 272 | 26.0% |
| Sweden | 17.3 | 58.9 | 292 | 68.7 | 58.4% |
| Germany | 62.8 | 34.9 | 75.7 | 67.1 | 2.2% |
| Lithuania | 179 | 51.2 | 65.0 | 58.8 | -31.0% |
| Finland | 31.0 | 58.9 | 82.2 | 58.7 | 23.7% |
| Bulgaria | N/A | 8.9 | N/A | 39.0 | 109.3% |
| Greece | 25.1 | 35.6 | 7.8 | 37.3 | 14.1% |
| Denmark | 5.1 | 51.3 | 66.8 | 12.0 | 33.0% |
| Others | 104 | 1,898 | 86.2 | 48.2 | -22.6% |
| Total | 560 | 2,345 | 856 | 662 | 5.7% |
Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Latvia in 2022:
- Estonia (125.4 tons)
- Sweden (67.6 tons)
- Bulgaria (45.0 tons)
- Lithuania (23.0 tons)
- Denmark (20.2 tons)
- Germany (14.7 tons)
- Finland (12.6 tons)
- Greece (6.8 tons)
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This report provides an in-depth analysis of the sunflower seed market in Latvia.
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This report provides an in-depth analysis of the global sunflower seed market.
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This report provides an in-depth analysis of the sunflower seed market in Latvia.
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This report provides an in-depth analysis of the global sunflower seed market.
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Global sunflower seed market is projected to experience significant growth in consumption and value over the next seven years, with an anticipated CAGR of +3.8% and +5.1% respectively. The market volume is forecasted to reach 73M tons, with a value of $72B by the end of 2030.
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Explore the top import markets for sunflower seeds, including Bulgaria, Turkey, Netherlands, Romania, and Hungary. Discover the import values and market dynamics of these countries in the global sunflower seed industry.
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This year, sunflower seed prices are forecast to remain stable due to record global production, which is to reach the highest level of 57.3M tons.
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Global sunflower seed consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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Global sunflower seed exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of sunflower seed production were Ukraine (X thousand tons), Russia (X thousand tons), Romania (X thousand tons), together accounting for X% of total output.
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The global sunflower seed market had total revenues of X billion USD in 2013, representing a compound annual growth rate (CAGR) of X% between 2007 and 2013.
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Recently, thanks to Takii & Company, LTD (Takii Seed), Van Gogh's famous sunflowers came to life as a bright and radiant maze at Museumplein in Amsterdam, the Netherlands. The company is a sponsor of the Van Gogh Museum in Amsterdam, and became, in
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Romania dominates in the global sunflower seed trade, strengthening its position in the global exports structure from X% in 2007 to X% in 2014. It's main trading partner was France, where it supplied X% of its total sunflower seed exports, acco
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Indonesia dominates in the global oil crop trade. In 2014, Indonesia exported X million tons of oil crops totaling X billion USD, X% over the previous year. Its primary trading partner was India, where it supplied X% of its total oil crop exports
